Key Points
- Insider purchase: Royce Otc Micro President Christopher Clark bought 6,500 shares on March 24 at an average price of $11.48 for $74,620, increasing his holdings to 68,648 shares (a 10.46% rise).
- Dividend announced: The firm will pay a quarterly dividend of $0.19 on March 30 to shareholders of record March 12, equal to $0.76 annualized and a 6.5% yield (ex-dividend March 12).
- Stock performance and ownership: RMT has a 12‑month range of $7.25–$12.50 with 50‑day/200‑day moving averages of $11.76/$10.91, and institutional investors hold about 34.98% of the company.
Royce Otc Micro (NYSE:RMT - Get Free Report) President Christopher Clark purchased 6,500 shares of Royce Otc Micro stock in a transaction dated Sunday, March 24th. The shares were purchased at an average cost of $11.48 per share, for a total transaction of $74,620.00. Following the completion of the transaction, the president owned 68,648 shares of the company's stock, valued at approximately $788,079.04. This represents a 10.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Royce Otc Micro Price Performance
Shares of RMT stock opened at $11.77 on Thursday. Royce Otc Micro has a 12-month low of $7.25 and a 12-month high of $12.50. The firm has a fifty day moving average of $11.76 and a 200-day moving average of $10.91.
Royce Otc Micro Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Thursday, March 12th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, March 12th.
Institutional Investors Weigh In On Royce Otc Micro
A number of hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in shares of Royce Otc Micro in the 4th quarter valued at approximately $31,000. CX Institutional bought a new stake in shares of Royce Otc Micro during the third quarter worth $33,000. Advisory Services Network LLC acquired a new stake in shares of Royce Otc Micro during the third quarter worth $36,000. Kestra Advisory Services LLC acquired a new stake in shares of Royce Otc Micro during the fourth quarter worth $40,000. Finally, Heritage Financial Services LLC bought a new stake in Royce Otc Micro in the 4th quarter valued at $105,000. Institutional investors and hedge funds own 34.98% of the company's stock.
About Royce Otc Micro
(
Get Free Report)
Royce Micro-Cap Trust, Inc (NYSE: RMT) is a closed-end management investment company primarily focused on micro-capitalization equity securities. The trust seeks long-term capital appreciation by investing in small U.S. companies that, due to their relatively low market values, often receive less attention from larger institutional investors.
Managed by Royce & Associates, LLC, RMT employs a fundamental, value-oriented investment strategy grounded in in-depth, bottom-up research. Portfolio managers analyze financial statements, market trends and company management to identify undervalued firms with the potential for significant growth.
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